Loading ...
Sorry, an error occurred while loading the content.

Property midterm study guide

Expand Messages
  • ericaannaytes
    When is personal property real property? What is adverse possession and how is it achieved? Define: Fee Simple determinable Fee Simple condition subsequent
    Message 1 of 1 , Oct 12, 2004
    • 0 Attachment
      When is personal property real property?
      What is adverse possession and how is it achieved?
      Define: Fee Simple determinable
      Fee Simple condition subsequent
      Life estate
      Define and give example of estate for years and estate at will.
      Define: Joint tenancy with rights of survivorship
      Tenants in common
      Tenants by the entirety
      Define Dower and curtsey
      What part of government controls zoning and how is it enforced?
      What are Building codes?
      What is the EPA and how is it involved in real estate?
      What is CERCLA and why is it important?
      What is eminent domain?
      What is a mechanics lien and how is it established?
      What is restrictive covenant?
      Define appurtenant easement and easement in gross
      What are 3 ways to create easement?
      What is a license?
      Define general contract and what is an element?
      Define Statutes of Fraud
      What is specific performance and how is it related to real estate?
      What are liquidated damages and how is it related to real estate?
      What is earnest money?
      What are provisions a seller wants in a listing agreement?
      What may a legal description consist of?
      What is closing?
      Define time is of the essence and warranties.
      What is the difference between a warranty and a quitclaim deed?
      What are elements of a deed?
      Once a deed is executed, what should be done with it?
      What is the difference between a promissory note and a mortgage?
      Define and tell what the difference is between a mortgage, trust
      deed, security deed and land contract.
      What is the purpose for the following clauses: due on sale,
      acceleration, assignments and assumption?
      What happens when a mortgage is paid off?
      How is a 2nd mortgage different from a 1st mortgage?
      Define UCC1.
      What is foreclosure?
      What is the affect of bankruptcy on foreclosure?
      What is a 5 year ARM?
      What is 30 years fixed?
      What is amortization?
      What is a marketable title?
      Historically, what are the 3 indexes that the register of deeds has?
      What is an abstract and how far back should you look?
      Define lis pendens?
      In class essays: Grosse Ile bridge problem and Troy zoning problem
    Your message has been successfully submitted and would be delivered to recipients shortly.